Croatia Frontier-Märkte
Europe · EUR (Euro)
Wirtschafts- und Branchenüberblick
Croatia is an EU member state (joined 2013) and eurozone member (joined 2023) with a nominal GDP of approximately $106 billion in 2025, driven heavily by a tourism sector that contributes around 25% of GDP and drew more than 21 million arrivals in 2024. The economy expanded 3.4% in real terms in 2025, outperforming most EU peers, supported by strong household consumption, tourism receipts, and EU cohesion fund disbursements. The Zagreb Stock Exchange (ZSE) is the sole domestic equity market, with approximately 89 listed issuers and a total equity market capitalisation of roughly $38 billion; the exchange saw a roughly 70% surge in turnover in 2025, including three notable IPOs. Key industries beyond tourism include oil and gas (INA), telecommunications (Hrvatski Telekom), electrical engineering (Koncar), food and beverages (Podravka, Atlantic Grupa), and banking (Zagrebacka banka, a UniCredit subsidiary).
Schlüsselsektoren
📘 Alles über Croatia →Makro
| BIP nominal, USD | $106.05B |
| BIP-Wachstum real, jährlich | 3.4% |
| Inflation jährlich | 4.4% |
| Bevölkerung Menschen | 3.9M |
| BIP pro Kopf USD | $27,500 |
| Marktkapitalisierung gesamt notiert, USD | $38.22B |
| Marktkapitalisierung / BIP | 36.0% |
| Arbeitslosigkeit | 4.8% |
| Börsennotierte Unternehmen | 89 |
| Börse | Zagreb Stock Exchange (ZSE) |
Datenjahr: 2025. Quellen: https://zse.hr/en, https://en.wikipedia.org/wiki/Zagreb_Stock_Exchange, https://en.wikipedia.org/wiki/CROBEX, https://stockanalysis.com/list/zagreb-stock-exchange/, https://www.imf.org/external/datamapper/profile/HRV, https://economy-finance.ec.europa.eu/economic-surveillance-eu-member-states/country-pages/croatia/economic-forecast-croatia_en, https://tradingeconomics.com/croatia/gdp, https://www.ceicdata.com/en/country/croatia, https://www.ceicdata.com/en/croatia/zagreb-stock-exchange-market-capitalization, https://tradingeconomics.com/croatia/stock-market-capitalization-to-gdp-percent-wb-data.html, https://simplywall.st/stocks/hr/market-cap-large, https://stockanalysis.com/quote/zse/ZABA/, https://stockanalysis.com/quote/zse/HT/, https://stockanalysis.com/quote/zse/INA/, https://stockanalysis.com/quote/zse/RIVP/, https://stockanalysis.com/quote/zse/PODR/, https://stockanalysis.com/quote/zse/ADRS2/, https://stockanalysis.com/quote/zse/KOEI/, https://stockanalysis.com/quote/zse/ERNT/, https://stockanalysis.com/quote/zse/ATGR/, https://stockanalysis.com/quote/zse/SPAN/, https://stockanalysis.com/quote/zse/ARNT/, https://inter.capital/still-running-hot-turnover-ignites-on-the-zagreb-and-ljubljana-stock-exchanges-in-2025/, https://inter.capital/from-the-fields-to-the-exchange-zito-group-goes-public/, https://zse.hr/en/trading-of-ing-grad-shares-begins-on-the-zagreb-stock-exchange-3027/3026, https://etfs.expat.bg/en/funds/expatcroatiacrobex/, https://www.justetf.com/en/etf-profile.html?isin=BGCROEX03189, https://etfdb.com/etf/FM/, https://etfdb.com/country/croatia/, https://www.expatincroatia.com/golden-visa/, https://ggims.com/croatia-golden-visa, https://www.state.gov/reports/2025-investment-climate-statements/croatia/, https://zse.hr/en/how-to-invest-on-the-exchange/150, https://www.portal.hr/en/novosti/hr/103251-gospodarstvo-u-2025-budenje-trzista-kapitala-i-ustrajna-inflacija/, https://www.economy-finance.ec.europa.eu/economic-surveillance-eu-member-states/country-pages/croatia, https://geofactbook.com/countries/croatia/unemployment-rate, https://www.msci.com/indexes/index-resources/market-classification.
Aktuelle Nachrichten
Aktuelle Nachrichten werden geladen…
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Cyprus
Lithuania
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Serbia
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Malta
LatviaGrößte börsennotierte Unternehmen
Die größten Unternehmen an der wichtigsten lokalen Börse, nach Marktkapitalisierung.
| # | Unternehmen | Sektor | MarktkapitalisierungUSD | US-Notierung |
|---|---|---|---|---|
| 1 | INA-Industrija nafte d.d.INA · Zagreb Stock Exchange (ZSE) | Energy - Oil & Gas | $5.50B | — |
| 2 | Zagrebacka banka d.d.ZABA · Zagreb Stock Exchange (ZSE) | Banking & Financial Services | $7.60B | — |
| 3 | KONCAR - Elektroindustrija d.d.KOEI · Zagreb Stock Exchange (ZSE) | Electrical Engineering & Manufacturing | $1.88B | — |
| 4 | Hrvatski Telekom d.d.HT · Zagreb Stock Exchange (ZSE) | Telecommunications | $2.78B | — |
| 5 | Adris Grupa d.d.ADRS2 · Zagreb Stock Exchange (ZSE) | Diversified Holding | $825.00M | — |
| 6 | Croatia osiguranje d.d.CROS · Zagreb Stock Exchange (ZSE) | Insurance | $1.09B | — |
| 7 | Valamar Riviera d.d.RIVP · Zagreb Stock Exchange (ZSE) | Tourism & Hospitality | $1.25B | — |
| 8 | Atlantic Grupa d.d.ATGR · Zagreb Stock Exchange (ZSE) | Food & Beverages | $750.00M | — |
| 9 | Podravka d.d.PODR · Zagreb Stock Exchange (ZSE) | Food & Pharmaceuticals | $1.34B | — |
| 10 | Ericsson Nikola Tesla d.d.ERNT · Zagreb Stock Exchange (ZSE) | Information & Communication Technology | $308.00M | — |
| 11 | Arena Hospitality Group d.d.ARNT · Zagreb Stock Exchange (ZSE) | Tourism & Hospitality | $380.00M | — |
| 12 | Span d.d.SPAN · Zagreb Stock Exchange (ZSE) | Information Technology | $106.00M | — |
| 13 | Zito d.d.ZITO · Zagreb Stock Exchange (ZSE) | Agriculture & Food | $430.00M | — |
| 14 | ING-GRAD d.d.IG · Zagreb Stock Exchange (ZSE) | Construction & Real Estate | $220.00M | — |
| 15 | TOKIC d.d.TOK · Zagreb Stock Exchange (ZSE) | Retail - Automotive Parts | $73.00M | — |
| 16 | Jadran d.d.JDRN · Zagreb Stock Exchange (ZSE) | Tourism & Hospitality | $95.00M | — |
| 17 | Kras d.d.KRAS · Zagreb Stock Exchange (ZSE) | Food & Confectionery | $120.00M | — |
| 18 | Maistra d.d.MAIS · Zagreb Stock Exchange (ZSE) | Tourism & Hospitality | $260.00M | — |
| 19 | Dalekovod d.d.DDJH · Zagreb Stock Exchange (ZSE) | Electrical Infrastructure | $85.00M | — |
| 20 | HUP-Zagreb d.d.HUPZ · Zagreb Stock Exchange (ZSE) | Tourism & Hospitality | $55.00M | — |
In den USA gehandelte ETFs
In den USA notierte Fonds, die Zugang zu diesem Markt bieten – der einfachste Weg für viele US-Anleger.
| Ticker | ETF | Emittent | Anlagebereich | Kostenkennziffer% jährlich | Exposition% des Fonds |
|---|---|---|---|---|---|
| ECDC | Expat Croatia CROBEX UCITS ETF | Expat Asset Management | Einzelnes Land | 0.50% | 100% |
| FRN | Invesco Frontier Markets ETF | Invesco | Breite Schwellenländer | 0.70% | — |
| FM | iShares MSCI Frontier and Select EM ETF | BlackRock iShares | Breite Schwellenländer | 0.79% | — |
Lokale Börse & Zugang
| Börse | Zagreb Stock Exchange |
| Kürzel | ZSE |
| Website | zse.hr/en |
| Währung | EUR |
Lokaler Brokerzugang
Foreign investors can access the Zagreb Stock Exchange through HANFA-regulated Croatian investment firms (such as InterCapital Securities, Erste Banka, or Privredna banka Zagreb brokerage) or international online brokers that offer ZSE access. The ZSE is a regulated EU market and trades are settled in EUR. Interactive Brokers and a number of European brokers provide direct market access. Local app Genius by InterCapital was launched in 2023 for retail investors. All transactions require a broker who is an ZSE exchange member; there are no repatriation controls and dividends and capital gains may be freely remitted.
Globale Broker mit Zugang zu ausländischen Märkten
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Nur zur Orientierung aufgeführt – keine Empfehlung. Verfügbare Märkte, Gebühren und Anmeldebedingungen variieren je nach Broker und Wohnsitzland.
Umzug & Aufenthalt
Investment-Visa / Residenzprogramm
Förderprogramme No formal investment-migration programme
Croatia does not operate a formal golden visa or residency-by-investment programme. Croatian immigration authorities have confirmed there is no fixed investment-linked automatic residence permit. Foreigners can obtain temporary residence through property ownership (allowing stays of up to 9 months per year for non-EU nationals), business registration (company formation), or the digital nomad visa. After five continuous years of legal residence, permanent residence may be applied for; citizenship requires eight years. The digital nomad visa was extended to up to three years under 2025 legislation. Some immigration consultancies market standard residence routes as investment migration products, but these are standard visa categories, not a structured golden visa scheme.
Benötigen Sie Unterstützung bei der Antragstellung? Spezialisierte Investment-Migrations-Berater wie Henley & Partners.
Zugang für ausländische Investoren
Croatia is an EU member state, so EU/EEA citizens have full freedom of movement and may purchase property, work, and reside without restriction. Non-EU nationals may purchase real estate and invest freely in listed securities; no foreign ownership limits apply to ZSE-listed equities. Direct investment in certain strategic sectors (energy, defence, media) may be subject to screening under the Law on Foreign Investment Screening enacted in November 2025. To buy ZSE-listed shares, foreign investors must open a brokerage account with a HANFA-authorised investment firm or use an international broker with ZSE access; the market is fully open to foreign portfolio investment with no repatriation restrictions.